Evolution of Monetary Policy Instruments in Russia
Download or Read eBook Evolution of Monetary Policy Instruments in Russia PDF written by Mr.David S. Hoelscher and published by International Monetary Fund. This book was released on 1997-12-01 with total page 39 pages. Available in PDF, EPUB and Kindle.
Author | : Mr.David S. Hoelscher |
Publisher | : International Monetary Fund |
Total Pages | : 39 |
Release | : 1997-12-01 |
ISBN-10 | : 9781451859072 |
ISBN-13 | : 1451859074 |
Rating | : 4/5 (72 Downloads) |
Book Synopsis Evolution of Monetary Policy Instruments in Russia by : Mr.David S. Hoelscher
Book excerpt: This paper analyzes the evolution of monetary policy in Russia, focusing on the period January 1992–December 1995. Special attention is given to the role of monetary policy instruments. Initially, policy was completely dominated by flows of credit from the Central Bank of the Russian Federation (CBR) to the budget, to enterprises, and to other republics in the ruble area. Over time these flows have been reduced and indirect monetary instruments have become key elements of monetary policy implementation